Trump ally Mike Lindell says he’ll pay for a recount in the Republican primary for Minnesota governor, which he lost by 11 points to the state’s House speaker, Lisa Demuth.
\n\nU.S. President Donald Trump during a meeting with crypto and prediction market executives in the Roosevelt Room of the White House in Washington, DC, US, on Wednesday. Al Drago / Bloomberg via Getty Images
\n\nTotal U.S. debt has topped $40 trillion for the first time, the Treasury Department said yesterday, drawing fresh warnings that a fiscal crisis is brewing as ballooning costs for social safety-net programs and interest payments far outstrip revenues held back by tax cuts.
\n\nThe Treasury’s latest daily cash and debt balances statement showed total public debt outstanding at $40.047 trillion on Tuesday, a total that includes Treasury securities held by the public of $32.266 trillion and intragovernmental debt holdings of $7.782 trillion.
\n\nThe federal government’s IOU has now more than doubled in less than a decade, from $19.95 trillion when Trump was sworn in for the first time in January 2017. Roughly one-third of that increase occurred during two years of frantic government borrowing to fund the Covid-19 pandemic responses undertaken by Trump and former President…
Original source: https://www.nbcnews.com/health